Demo Account on Forex Peace Army Website - Official RoboMiner, RoboMiner Pro and PipStrider sales and support

Andres33139 · 10-04-2009, 05:00 PM

Hello!

I noticed that for the past 5 months Forex Peace Army (FPA) has been reporting a $5000 demo account that runs the AUD/AZD at 0.1 contracts and the EUR/CHF at 0.01 contracts. Based on that, I was thinking that I might try being a bit more aggressive and run 0.1 contracts of AUD/AZD only (ie no EUR/CHF) on a 3k account with 200:1 leverage.

Are FPA and I being too aggressive in the face of the likely margin requirements stemming from all the open Robominer trades?

Thanks!

Forex Goldmine · 10-04-2009, 05:11 PM

Is it aggressive? Yes.

Is it recommended? No. (Recommended settings)

Am I doing it on my personal account? Yes.

Bottom line it comes down to a number of factors - leverage, balance, FIFO or not, account type etc, as well as the timing of the market, and - most importantly - your risk aversion. We're sort of high in the market for the AUD/NZD so you might be able to pull it off. However, you should keep an eye on it carefully and be ready to turn the robot off, or even close some trades at a loss, should you start to have excessive drawdown.

Personally, I am fine with a little more risk. Other people are not.

As always, to be safe, you should try your strategy using a DEMO account, and do so for at least 3-6 months (if not more). Once you are sure everything is working okay and you can handle the way it's operating, then go live.

Or, you may do what I do - I have a small live account ($200) which I test my aggressive settings on. if I blow the account, it's not a big loss.

10-04-2009, 05:00 PM	#1
Andres33139 Junior Member Join Date: Sep 2009 Posts: 1	Demo Account on Forex Peace Army Website Hello! I noticed that for the past 5 months Forex Peace Army (FPA) has been reporting a $5000 demo account that runs the AUD/AZD at 0.1 contracts and the EUR/CHF at 0.01 contracts. Based on that, I was thinking that I might try being a bit more aggressive and run 0.1 contracts of AUD/AZD only (ie no EUR/CHF) on a 3k account with 200:1 leverage. Are FPA and I being too aggressive in the face of the likely margin requirements stemming from all the open Robominer trades? Thanks!

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10-04-2009, 05:11 PM	#2
Forex Goldmine Administrator Join Date: Jul 2009 Location: Sterling, VA, USA Posts: 140	Is it aggressive? Yes. Is it recommended? No. (Recommended settings) Am I doing it on my personal account? Yes. Bottom line it comes down to a number of factors - leverage, balance, FIFO or not, account type etc, as well as the timing of the market, and - most importantly - your risk aversion. We're sort of high in the market for the AUD/NZD so you might be able to pull it off. However, you should keep an eye on it carefully and be ready to turn the robot off, or even close some trades at a loss, should you start to have excessive drawdown. Personally, I am fine with a little more risk. Other people are not. As always, to be safe, you should try your strategy using a DEMO account, and do so for at least 3-6 months (if not more). Once you are sure everything is working okay and you can handle the way it's operating, then go live. Or, you may do what I do - I have a small live account ($200) which I test my aggressive settings on. if I blow the account, it's not a big loss.